Press Release|Structured Credit

KBRA Withdraws the Ratings for RRE 7, RRE 8 and RRE 9 Loan Management DAC

16 Apr 2025   |   London

Contacts

KBRA UK (KBRA) withdraws the ratings on RRE 7 Loan Management DAC ("RRE 7"), RRE 8 Loan Management DAC ("RRE 8") and RRE 9 Loan Management DAC ("RRE 9") following the refinancing of the notes on April 15, 2025. Proceeds from the issuance of the new CLO notes were used to redeem the outstanding notes in full and to purchase new assets.

RRE 7, RRE 8 and RRE 9 are cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans. They were managed by Redding Ridge Asset Management (UK), LLP.

Since the transactions closed, all the rated notes have received timely distribution of interest payments.

To access ratings and relevant documents, click deal names below:

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Methodologies

Disclosures

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be located here.

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

There are certain issuers, entities or transactions rated by KBRA Europe or KBRA UK that may be or have relationships with Shareholders and/or Shareholder-Related Companies, as that term is defined in KBRA’s Shareholder and Shareholder Related Companies for KBRA Europe and KBRA UK Policy and Procedure. Relevant disclosure information may be found here.

About KBRA UK

Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan’s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Kroll Bond Rating Agency UK is located at 1 Connaught Place, 2nd Floor London, England.

Doc ID: 1009101

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